Investment of Deferral Account Balance. (1) The Trustee may select, from various options made available by the Fund, the investment media in which all or part of his Deferral Account shall be deemed to be invested. (2) The Trustee shall make an investment designation on a form provided by the President of the Fund which shall remain effective until another valid direction has been made by the Trustee as herein provided. On the investment designation form, the Trustee may select from underlying investment securities from theoptions made available to the Trustee pursuant to Section 3.3(a)(1). The Trustee may amend the investment designation only once each calendar quarter by giving written direction to the President of the Fund. Unless otherwise specified, a Trustee's amendment to an investment designation applies only to future compensation Deferrals. A Trustee may amend the investment designation for existing amounts in the Trustee's Deferral Account provided, however, that such changes in investment designation will only be valid and applied to the existing amounts in the Trustee's Deferral Account if the Trustee provides sufficient instruction regarding amounts to be exchanged. A change in
Appears in 2 contracts
Sources: Deferred Compensation Agreement (Van Kampen Harbor Fund), Deferred Compensation Agreement (Van Kampen Tax Exempt Trust)